Coinbase's fortunes' are tied to cryptocurrency prices, which have been falling. Investors are shy of buying Coinbase (NASDAQ: COIN). The challenges the company faces this year are many but it is preparing for a rebound.
Pandemic superstar fund, ARKK Innovation ETF, has been facing tremendous pressure as its stock continues to dip. Economic conditions and the losses recorded by its holdings have contributed to its woes. We believe buying the dip on ARKK is not wise at this time.